Brokers Concerned EU Short-Sale Caps Will Hurt Market, FT Says
Investors and brokers are concerned that new European Union requirements to disclose short-selling positions and settle trades faster will impede the market, the Financial Times said, citing a trade group and a market maker.
The restrictions may hurt companies with small market values and reduce their access to capital, the newspaper cited John Barrass of the Association of Private Client Investment Managers and Stockbrokers and market maker Winterflood as saying.
The new rules are due to take effect Nov. 1, the FT said.
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